Monthly car output stands at 100,565

September 16, 2017 - 19:29

TEHRAN- Iranian carmakers manufactured 100,565 vehicles in the fifth Iranian calendar month, Mordad (July 23-August 22), IRIB news reported on Saturday.

Iran manufactured 1.3 million cars in the past calendar year, which ended on March 20.

Former Industry Minister Mohammadreza Nematzadeh has expressed hope that the annual car output will reach 1.6 million by the end of the current calendar year (March 20, 2018).

The share of Iran’s auto industry in the country’s gross domestic product (GDP) is projected to rise by 70 percent in the current Iranian year.

Producing more than one million of automobiles in 2016, Iran could rank first among the world countries regarding the growth in its car production, according to the report released by the International Organization of Motor Vehicle Manufacturers in March 2017.

MA/MG
 

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